The energy crisis and Europe’s astonishing luck
National leaders must make the most of the good weather
Visitors to warsaw at this time of year do not usually bask in temperatures nearing 20°C. Bilbao tends to be frosty, not tropical, in January. But this winter is a strange one. Temperature records are being broken across Europe and energy prices are plummeting: the price of natural gas at the continent’s main hub has fallen to levels last seen before the war in Ukraine.
This article appeared in the Finance & economics section of the print edition under the headline “Good day sunshine”
Finance & economics January 14th 2023
From the January 14th 2023 edition
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Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
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The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania